IT40

Trade FTSE MIB Borsa Italiana 40 - IT40 price chart

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IT40

What is the FTSE MIB index?

FTSE MIB index is the main benchmark index for the Italian stock market and it covers nearly 80 per cent of the Italian stock market capitalisation. It was originally founded in 1992 as COMIT 30 until it was taken by the Borsa Italiana. Then it was renamed to MIB 30 and its base value was set at 10,000.  After cooperation between S&P and the Italian Stock exchange took place, they launched the S&P/MIB consisting of 40 stocks and it later replaced the MIB 30.

The FTSE MIB includes 40 largest and the most liquid stocks traded on the Italian National Stock Exchange. Consequently, FTSE MIB 40 provides an overview of equity market health along with the health of the Italian economy.

FTSE MIB is a market capitalisation weighted and stocks with larger market capitalisation will have a stronger influence on its price. The Italy 40 is structured in a way that the sectors included will provide a close representation of the weight of industries in the overall Italian equity market.

 

FTSE MIB index past movements

IT40 has exhibited a higher level of volatility during the last decade. The price chart shows that there is an upward trend during the previous decade but what is more interesting is the fact that there are numerous and sizable pullbacks from the primary trend. The retracements can be as significant as a couple of tens of percentages and traders have the chance to make profits not only by taking long positions but also by going short with the Italy 40 index.

The lowest price in ten years is identified in May/June 2012 when the index had a value of around 12,800. In contrast, it achieved a peak of almost 25,000 in the first half of February 2020. However, shortly after reaching its decade high price, the FTSE MIB index value significantly decreased and hit a 15,000 in a period of one month. The significant decrease in value was caused by the worsening economic health, which was the consequence of the pandemic. However, the Italy 40 index has managed to recover part of its value.

 

How to trade FTSE MIB index?

Although there are different instruments traditionally used by traders, they haave certain weaknesses. For instance, derivative instruments could limit the liquidity, be complex and might incur higher costs. Also, FTSE MIB trading through certain types of investment funds could mean that you need to pay different types of fees which increases the cost of trading.

 

The tokenised assets available on Currency.com leverage trading platform cover all of the aspects needed to trade FTSE MIB. Because the tokenised assets are created based on blockchain technology along with the application of advanced order management system, you can conduct the FTSE MIB trading swiftly and at low cost. The platform enables you to profit from positions related to real assets while you don't possess them itself. So, opening positions with tokenised FTSE MIB would mean that you make profits from changes in FTSE MIB price.

 

Currency.com also offers the possibility for traders to increase their profitability, giving them the leverage of up to 1:100 or the margin for tokenised assets is 1 per cent. Accordingly, you will need less capital for FTSE MIB trading with tokenised assets compared to some of the alternative instruments. For instance, opening a position of $25,000 (£19,934) with tokenised FTSE MIB index on Currency.com platform requires that you have available capital of only 1 per cent or you need to have $250 (£199.34).

 

Another benefit of speculating with the price movements using tokens on Currency.com is that you can do it with crypto or with fiat money. Hence, if you own Bitcoin or Ether, there is no need for you to exchange them for dollars, pounds or euros to be able to trade the FTSE MIB. While trading with crypto is not possible with other instruments or on other platforms, you can fund your trading account on Curruency.com with cryptocurrencies which makes the funding process much easier since no exchange takes place.

 

Tokenised FTSE MIB trading guide

Trading tokenised FTSE MIB index could be done via the following steps:

  • Step 1: Sign in on the Currency.com trading platform by filling in the information with two-factor authentication security which is set to enhance the safety oy your account and personal data;
  • Step 2: Because you can trade with crypto as well as fiat money, you need to choose whether you will deposit Bitcoin or Ether or you will deposit fiat currency.
  • Step 3: Define the desired position value based on the leverage of 1:100, which means that you need to have available capital to cover at least 1 per cent of the value.
  • Step 4: According to your trading strategy, you may decide to go long or take a short position with tokenised FTSE MIB depending on your price speculations.
  • Step 5: The buy and sell orders completed by traders on Currency.com platform are firstly linked between the platform clients, whereas free orders are further hedged on Capital.com, LMAX Digital or on exchanges such as Binance, Bitstamp, Kraken, NASDAQ, NYSE and Gain Capital.
  • Step 6: Decide when to close your positions and enjoy the rewards. Keep in mind that Currency.com gives traders the option to define a stop loss or take profit orders.

 

Why trade tokenised FTSE MIB index with Currency.com

FTSE MIB index trading at Currency.com tokenised securities exchange has a number of advantages. Tokenised assets are underpinned by robust and immutable blockchain technology. Opening a trade will give you a token that tracks and moves according to the underlying instrument's price.

  • One-stop crypto trading platform

Trade tokenised FTSE MIB index with Bitcoin or Ethereum. Benefit from the commodity's price movements without turning your crypto assets into fiat.

  • Tight spreads

Trade tokenised Italy 40 index with a tight market spread, benefit from maker rebates and competitive taker fees.

  • Leverage

Experienced traders can trade the world's top markets, like the FTSE MIB index, with up to 1:100 leverage.

  • Effective risk management

Manage your risks and secure your profits with stop loss and take profit orders. Save your assets with negative balance protection.

  • Instant order execution

We have a scalable and low latency order management system, which can execute 50 million trades per second.

  • Safe regulation

Currency.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.

 

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IT40 price history

Date Close Change Change(%) Open High Low
Feb 2, 2023 27090 232 0.86% 26858 27125 26813
Feb 1, 2023 26690 7 0.03% 26683 26815 26615
Jan 31, 2023 26583 135 0.51% 26448 26615 26240
Jan 30, 2023 26315 -85 -0.32% 26400 26435 26265
Jan 27, 2023 26435 197 0.75% 26238 26465 26185
Jan 26, 2023 26180 71 0.27% 26109 26195 26019
Jan 25, 2023 25889 12 0.05% 25877 25909 25699
Jan 24, 2023 25884 25 0.10% 25859 25924 25729
Jan 23, 2023 25799 52 0.20% 25747 25894 25609
Jan 20, 2023 25744 -16 -0.06% 25760 25827 25684
Jan 19, 2023 25602 -296 -1.14% 25898 25970 25575
Jan 18, 2023 26000 -5 -0.02% 26005 26143 25942
Jan 17, 2023 25972 80 0.31% 25892 26072 25692
Jan 16, 2023 25897 60 0.23% 25837 25919 25734
Jan 13, 2023 25769 -5 -0.02% 25774 25852 25634
Jan 12, 2023 25722 140 0.55% 25582 25794 25537
Jan 11, 2023 25534 137 0.54% 25397 25594 25304
Jan 10, 2023 25359 75 0.30% 25284 25384 25234
Jan 9, 2023 25352 133 0.53% 25219 25444 25187
Jan 6, 2023 25179 257 1.03% 24922 25182 24809